+91-9555-11-4444
Logo
request a demo
Logo
request a demo
Logo
request a demo
+919555114444
Home>glossary> S>

Succession Development

Succession Development

Succession development is a method used to identify and develop emerging leaders so that they can take control in time of need and keep a company afloat and unaffected. A succession planning development plan is the stepping-stone to creating a leadership pipeline so that a business continues to move forward, even amid unanticipated changes.

Succession development ensures an improved understanding of the talent pipeline available internally while creating awareness of the current individuals’ strengths. In case a potential successor needs training or development, there should be sufficient time to expose him/her to the full spectrum of opportunities within a firm. Developing a succession plan is also not a one-off process. The most appropriate succession development plans are updated continually.

More terms

Staff Succession Planning

Staff succession planning is undertaken to plan for internal replacements in situations where employees retire or move on abruptly.

Read More

Succession Management

Succession management refers to the practice of identifying possible successors for crucial roles, honing and nurturing their talent and ensuring they seamlessly fit into organizations' structures.

 Read More

This word is part of a larger series on Succession Plan

Succession planning is a detailed and vital undertaking to identify people who could immediately, or after targeted development, assume key positions. Considering the evolving workforce, various companies ensure that the succession plan is adhered to periodically and is adapted at all levels, be it leadership roles, mission-critical positions or niche roles.

Read More

Identify Your Next-in-Line with Mercer | Mettl

Future-proof your business with digital succession planning approach

Know More

Related Blogs

Successful Succession Planning in 2021 (The Ultimate Guide)

Succession planning is a comprehensive activity for all-round business continuity, from planning, understanding the types, the right process and tools.

Read Now

Organizational Planning: The Ladder to an Organization’s Success

Organizational Planning is important for the survival and growth of an organization. It dives into Leadership Development, Succession Planning, and HiPo Identification.

Read Now

7 Steps To Kickstart Your Succession Planning Process

Learn how you can ensure an ideal succession with a healthy talent pipeline using the right succession planning strategies and succession planning steps.

Read Now

Upgrade Yourself With The Times

The World of Online Education and HR is a dynamic mix of complex technologies and challenges. We help you navigate the chaos, learn and grow.